Thinking of driving Uber or Lyft in retirement? Read this first

This article is reprinted by permission from NextAvenue.org.

After an unfortunate confluence of circumstances that led to her being out of work due to a long illness, Carleen Nicholson, 65, of Dover, N.H., found herself needing extra income. Then her son committed suicide and Nicholson began isolating herself. Eventually, she knew she had to do something. So for “money and sanity,” Nicholson began driving for Uber, the nation’s largest on-demand ride-hailing service.

Words to the wise: The amount you’ll take home as an Uber or Lyft driver, after expenses, might be less than you think.

While the desire to earn money is an obvious reason to start driving for Uber, its rival Lyft, or both — especially in retirement — there are other reasons.

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